Saab gets ready to run itself Sources say parent GM wants to give Swedish carmaker control of its own finances queryvar=”saab,gets,ready,to,run,itself”; John Revill Automotive News January 19, 2009 – 12:01 am ET General Motors is preparing to turn its Saab subsidiary into a separate business, a move that will make the struggling brand more [...]
Luca Ciferri Automotive News | January 19, 2009 – 11:27 am EST Fiat, Chrysler in partnership talks Source: Fiat would get 30-35% stake queryvar=”fiat,chrysler,in,partnership,talks”; ENLARGE TURIN, Italy — Fiat Group is negotiating with Chrysler LLC to form a strategic partnership that could include a Fiat equity stake in the ailing U.S. carmaker. [...]
Monday, January 19, 2009 Gettelfinger: Deadline for GM, Chrysler restructuring plans may be unattainable David Shepardson / Detroit News Washington Bureau WASHINGTON — United Auto Workers President Ron Gettelfinger said Monday that a Feb. 17 deadline for General Motors Corp. and Chrysler LLC to complete restructuring plans may be "unattainable." Last month, the U.S. Treasury [...]
‘Buy American’ support builds as sales fall BY JOHN GALLAGHER FREE PRESS BUSINESS WRITER Driving in suburban Detroit a few months back, Tracy Miller, the daughter and granddaughter of autoworkers for domestic companies, grew increasingly angry at all the foreign cars she saw on the road. On impulse, she took a tablet of paper and [...]
Sold! GM heritage cars By MARK VAUGHN The 2000 Buick Custom Blackhawk Barrett-Jackson GM heritage sold! Anyone with a paddle could have bid on a small piece of General Motors heritage last week at the Barrett-Jackson collector car auction in Scottsdale, Ariz. More than 200 cars from GM’s Heritage Fleet went on the block in [...]
Mazda to cut pay for white-collar workers queryvar=”mazda,to,cut,pay,for,white-collar,workers”; January 19, 2009 – 4:15 am ET TOKYO (Reuters) — Mazda Motor Corp. said today it would cut salaries for white-collar workers in Japan to reduce costs amid a slide in global car sales. Directors will return 20 percent of their pay retroactively from December, [...]
